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Ans: Negative Impacts: 1.Inflation affected the salaried class the most. Devaluation of currency though increased export, but also increased the price of commodities. 2.The import of luxury goods increased. There was an increase in the import expense of machinery which affected the balance of payment. 3.Due to the burden on the national treasury, the secure … Read more
Ans: Positive Impacts: 1.The nationalization of industrial units increased the production of the state industries. 2.The Bhutto government encouraged the import of machinery and raw material for industrial expansion. The trade balance of Pakistan improved and the country was advanced towards progress. Economic growth started in the country 3.The export was increased. Even the vegetables … Read more
Ans: Negative Impacts: By nationalization of the private educational institutions the government had to pay the salaries of the staff from the national treasury. This financial burden increased the difficulties of the government. 2.The owners of the private institutions were unhappy for this nationalization and they started a struggle to get back their educational institutions. … Read more
Ans Positive Impacts: The government of Mr. Bhutto nationalized many of the private educational institutions in the country in 1971. The salaries of the educational staff working in these institutions were very low. Due to nationalization, the financial benefits of the employees were brought on a par with those of the government educational institutions. 2. … Read more
Ans. Negative Impacts: Since the industries came under government control, the capitalists set up only few industries in Pakistan, due to which the industrial development slowed down. By taking the control of industrial units, the government expenditure increased tremendously. 2 .The labour unions took advantage of the political freedom and went on strikes and demonstrations … Read more
Ans:Positive Impact: 1.Due to the Labour Reforms of 1972, the exploitation of the labourers was ended. Their salaries and other benefits were increased, 2.The industrial institutions began to pay all duties and taxes to the government, which increased the national income, and the country advanced towards progress. 3.The mill owners showed better attitude with the … Read more
Ans: Auricultural Reforms: Agriculture is the profession of a majority of population in Pakistan. To save the farmers from exploitation, Bhutto’s government announced the following agricultural reforms: 1.The land purchased by Govt, servants during their services of two years after their retirement, was limited up to 100 acres. 2.The surplus land would be taken over … Read more
Ansi Labour Reformi Bhutto’s government announced the new labour polley on 10th February, The important points are as under 1.The representatives of the labourers were included in the administrative committee which was responsible for running the affairs of the factory. Their representation was 20% of the total strength and they had the right to check … Read more
Ans: Nationalization of Banks and Insurance Companies: The big capitalist families had their own banks and insurance companies which were encouraging the capitalist system. The government was not gaining any considerable profit from these units. For the economic stability of the country, all insurance companies were nationalized and merged under the control of State Life … Read more
Ans: To create a new spirit in the nation, enable them to face the challenging conditions and to make people aware of his policies, he made his first speech the same day which gave new determination and zeal to the morale of the Pakistani people. He said, “The country is facing a serious crisis. I … Read more